Medical Transcription Billing Corp. 401(k) Plan: Login, Facts & Contact Information

Medical Transcription Billing Corp. 401(k) Plan Facts

Plan name
CARECLOUD, INC.401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
CARECLOUD, INC. · formerly Medical Transcription Billing Corp.
Participants
544 (236 active employees)
Former employees with a balance
206
Plan assets
$24,512,974 at Dec 31, 2024
Average account balance
$66,611 across 368 accounts
Employer contributions
$336,962 in plan year 2024 (25% of all contributions)
Recordkeeper
The Vanguard Group, Inc.
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jun 1, 2006
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments✓ Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Jul 30, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $1.36 million went into the plan in contributions, $336,962 of it from the employer (25%).
  • $3.66 million was paid out to participants.
  • Investment and other income added $4.27 million.
  • Administrative expenses were $91,146, about $248 per account.

How the Medical Transcription Billing Corp. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019140$3.66 million$156,125$373,156
2020123$5.16 million$183,146$218,565
2021526$16.3 million$404,242$1.03 million
2022486$19.8 million$372,665$1.02 million
2023597$22.6 million$471,548$3.11 million
2024544$24.5 million$336,962$3.66 million

Medical Transcription Billing Corp. 401(k) Contact Information

Phone
972-421-8314
Mailing address
7 CLYDE ROAD, SOMERSET NJ 08873
Plan sponsor
CARECLOUD, INC.
Employer identification number (EIN)
22-3832302
Plan number
001

Questions about the Medical Transcription Billing Corp. 401(k)

Does Medical Transcription Billing Corp contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $336,962, 25% of all contributions.

Does the Medical Transcription Billing Corp 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Medical Transcription Billing Corp 401(k) plan?

544 participants at the start of plan year 2024, 236 of them active employees, and 206 former employees who still had money in the plan.

What is the average 401(k) balance at Medical Transcription Billing Corp?

About $66,611 per account: $24.5 million in plan assets across 368 accounts with a balance at the end of plan year 2024.

Who manages the Medical Transcription Billing Corp 401(k) accounts?

Vanguard (listed on the filing as THE VANGUARD GROUP, INC.) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Medical Transcription Billing Corp. How do I access my 401(k)?

Your account stays with Vanguard after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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